XML 68 R56.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Income taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Text block1 [abstract] |
Summary of Income Tax Expense |
|  | 2017 |  |  | 2016 |  |  | 2015 |
Current taxes expense - |  |  |  |  |  |  |  |  |  |  |  |
Current period |  | $ | (43,034 | ) |  | $ | (31,666 | ) |  | $ | (30,435 | )
Adjustment for prior period |  |  | 455 |  |  |  | (127 | ) |  |  | (1,228 | )
|  | $ | (42,579 | ) |  | $ | (31,793 | ) |  | $ | (31,663 | )
Deferred taxes expenses - |  |  |  |  |  |  |  |  |  |  |  |
Origination and reversal of temporary differences |  |  | (6,731 | ) |  |  | (6,478 | ) |  |  | (1,096 | )
Total income tax expense |  | $ | (49,310 | ) |  | $ | (38,271 | ) |  | $ | (32,759 | )
Summary of Balances of Deferred Taxes | The balances of deferred taxes are as follows:
|  | Statement |  |  | Statement of |
|  | of financial position |  |  | profit or loss |
|  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |  |  | 2015 |
Deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Maintenance deposits |  | $ | (26,586 | ) |  | $ | (23,790 | ) |  | $ | 2,796 |  |  | $ | 2,286 |  |  | $ | 5,866 |
Prepaid dividend tax |  |  | (14,103 | ) |  |  | (12,432 | ) |  |  | 1,671 |  |  |  | 5,300 |  |  |  | — |
Property and equipment |  |  | (9,975 | ) |  |  | (7,867 | ) |  |  | 2,108 |  |  |  | (1,599 | ) |  |  | 3,579 |
Other |  |  | (4,050 | ) |  |  | (6,013 | ) |  |  | (1,963 | ) |  |  | (10,147 | ) |  |  | 11,692 |
Set off tax |  |  | 2,249 |  |  |  | 5,128 |  |  |  | 2,879 |  |  |  | 16,269 |  |  |  | (24,568 | )
|  | $ | (52,465 | ) |  | $ | (44,974 | ) |  | $ | 7,491 |  |  | $ | 12,109 |  |  | $ | (3,431 | )
Deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Provision for return conditions |  | $ | 7,859 |  |  | $ | 7,606 |  |  | $ | (253 | ) |  | $ | 4,417 |  |  | $ | (11,203 | )
Air traffic liability |  |  | 1,281 |  |  |  | 1,015 |  |  |  | (266 | ) |  |  | 305 |  |  |  | 1,076 |
Fuel derivative |  |  | — |  |  |  | 107 |  |  |  | 107 |  |  |  | 4,403 |  |  |  | 94 |
Other provisions |  |  | 4,859 |  |  |  | 4,587 |  |  |  | (272 | ) |  |  | (3,059 | ) |  |  | 4,716 |
Tax loss |  |  | 7,349 |  |  |  | 10,152 |  |  |  | 2,803 |  |  |  | 4,572 |  |  |  | (14,724 | )
Set off tax |  |  | (2,249 | ) |  |  | (5,128 | ) |  |  | (2,879 | ) |  |  | (16,269 | ) |  |  | 24,568 |
|  | $ | 19,099 |  |  | $ | 18,339 |  |  | $ | (760 | ) |  | $ | (5,631 | ) |  | $ | 4,527 |
|  | $ | (33,366 | ) |  | $ | (26,635 | ) |  | $ | 6,731 |  |  | $ | 6,478 |  |  | $ | 1,096 |
Summary of Reconciliation of Effective Tax Rate | Reconciliation of the effective tax rate is as follows:
|  | Tax rate |  |  | 2017 |  |  | Tax rate |  |  | 2016 |  |  | Tax rate |  |  | 2015 |
Net income (loss) |  |  |  |  |  | $ | 369,658 |  |  |  |  |  |  | $ | 325,928 |  |  |  |  |  |  | $ | (240,634 | )
Total income tax expense |  |  |  |  |  |  | 49,310 |  |  |  |  |  |  |  | 38,271 |  |  |  |  |  |  |  | 32,759 |
Profit (loss) excluding income tax |  |  |  |  |  |  | 418,968 |  |  |  |  |  |  |  | 364,199 |  |  |  |  |  |  |  | (207,875 | )
Income taxes at Panamanian statutory rates |  |  | 25.0 | % |  |  | 104,742 |  |  |  | 25.0 | % |  |  | 91,050 |  |  |  | 25.0 | % |  |  | (51,969 | )
Panamanian gross tax election |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Effect of tax rates in non-panamanian jurisdictions |  |  | 0.1 | % |  |  | 590 |  |  |  | (2.5 | %) |  |  | (9,260 | ) |  |  | (11.0 | %) |  |  | 22,936 |
Exemption in non - taxable countries |  |  | (13.3 | %) |  |  | (55,567 | ) |  |  | (12.0 | %) |  |  | (43,646 | ) |  |  | (29.1 | %) |  |  | 60,564 |
Adjustment for prior period |  |  | (0.1 | %) |  |  | (455 | ) |  |  | 0.03 | % |  |  | 127 |  |  |  | (0.6 | %) |  |  | 1,228 |
Provision for income taxes |  |  | 11.7 | % |  | $ | 49,310 |  |  |  | 10.5 | % |  | $ | 38,271 |  |  |  | (15.7 | %) |  | $ | 32,759 |

X
- Definition The disclosure of income taxes. + References No definition available. + Details
Name: | cpa_DisclosureOfIncomeTaxesExplanatory
Namespace Prefix: | cpa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of reconciliation of effective tax rate. + References No definition available. + Details
Name: | cpa_DisclosureOfReconciliationOfEffectiveTaxRateExplanatory
Namespace Prefix: | cpa_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block1 [abstract] + References No definition available. + Details
Name: | cpa_TextBlock1Abstract
Namespace Prefix: | cpa_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration